Employees 32,902 | ||
 | ||
Formed February 29, 2008
(Ministry of Commerce, 1948) Preceding agencies Ministry of Commerce, Industry and Energy
Ministry of Knowledge Economy
Ministry of Foreign Affairs and Trade (Trade affairs only) Jurisdiction South Korean government Headquarters Sejong City, South Korea Agency executives Yoon Sang-jick, Minister
Kim Jae-hong, 1st Vice Minister for Industry and Technology
Han Jinhyun, 2nd Vice Minister for Trade and Energy
, Deputy Minister for Trade | ||
The Ministry of Trade, Industry and Energy (MOTIE) is a branch of the South Korean government. It is concerned with regulating some economic policy, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The current minister is Yoon Sang-jick.
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Headquarters
The headquarters are located in the Sejong Regional Government Complex in Sejong City. The headquarters were formerly located in the Gwacheon Government Complex in Gwacheon, Gyeonggi Province.
The ministry began in 1948 as the Ministry of Commerce in the First Republic. In 1993 it was merged with the Ministry of Energy, established in 1977. It became the Ministry of Knowledge Economy in 2008, and the Ministry of Trade, Industry and Energy in 2013.
Subsidiary sections
Subsidiary departments and organisations of the MTIE include: